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501 E Oak St
Kissimmee, FL 34744 Downtown Kissimmee

$609,990 USD

Medical Condo For Sale  •  1,611 SF

Property Details

  • Property Type Medical
  • Total Building Size 9,765 SF
  • Lot Size 0.45 AC
  • Building Class C
  • Year Built 1989
  • Tenancy Multiple
  • Zoning IMP
47 Transit Score
70 Walk Score

1 Unit Available

Name Condo Use Size Price Details
1st Floor - Unit F Medical Office 1,611 SF $609,990 USD
  • Unit Size: 1,611 SF
  • Condo Use: Medical Office
  • Price: $609,990 USD
  • Sale Type: Investment
  • Price/SF: $378.64 USD
Description
FULLY RENOVATED!...NEW flooring, NEW baseboards, NEW ceiling tiles, NEW paint, and NEW columns. Space features a lobby/waiting area, 4 rooms, 2 large open spaces, 2 bathrooms, and 2 entrances. The location is superb.

Description

eXp Commercial is proud to exclusively offer this end cap medical office unit for SALE, located just East of Kissimmee's Medical Arts District. With direct frontage to E Oak St, this unit has an AADT flow of 19,000, providing plenty of visibility from the main road. The space is currently 100% OCCUPIED by Bannel Associates LLC, who has a fresh, three-year NNN lease in place and who are looking to stay and extend their lease beyond the current term. This unit is in the same building with Select Physical Therapy, Beattie Family Orthodontics, and is surrounded by a host of healthcare specialties within the Heritage Square Office Condos development. The space features a waiting area, a reception, 2 bathrooms, two open spaces, a front and rear entrance, and 4 exam rooms with ample space for 5.  There is plenty of parking space available, with 5/1,000 ratio. This prime investment opportunity is yielding $35,442/year NOI at a 5.81% cap rate.

Highlights

100% occupied medical office unit with a NEW 3-year term at a 5.81% cap rate
Minutes from Kissimmee Medical Arts District

Property Flyers

Amenities

  • Reception
  • Air Conditioning

Public Transportation

Commuter RailDriveWalkDistance
3 min 15 min 0.8 mi
8 min - 3.6 mi
AirportDriveWalkDistance
Orlando International 26 min - 14.9 mi
Orlando Sanford International 58 min - 45.6 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 26
Type: Surface
Included in Rent: Yes
Marcos Peres 407-913-1199 eXp Commercial
Marcos Peres 407-913-1199 eXp Commercial